All Forum Posts by: Robert R.

I believe you can prove ownership through most County websites. 

most pm companies in Gatlinburg charge 40%

Cash is king with vacation rentals. The banks are awful! You may have better luck with a mortgage broker. 

Good luck. I hope you get the cabin. 

This appraisal business is just another government racket as far as I am concerned. 

Sorry you have to go through this. 

contact your local government. Maybe they can help this along. 

Good morning folks.

I live in Gatlinburg and invest in vacation rentals but am also interested in the goings on in Knoxville. My wife and I attended a home auction up there recently. 

Several more coming up. Check out powellauction.com. I am not affiliated with them in any way, just noticed they have many local home auctions. The one we attended I thought was way overbid. Did research ahead of time. 

It was fun to go and a good learning experience. 

 All 3 are in the mountains here. We booked 250 days on each last year and are ahead of last years pace at this time. They will each gross between $25,000 and $30,000 this year. All 3 have the dreaded hoa's. 2 of the hoa's are in great shape and the other can be a drain at times. We do manage them ourselves on vrbo, etc. Real estate taxes here are about 1/2 of 1% of value. Very cheap. The cabin companies here charge 40%. Yikes! That would be a recipe for cash flow killing. 

We hire out a cleaning company and do most of the maintenance and handyman work ourselves. 

We would love to own a beach property at some point and were just talking about that last week. Any suggestions?

And what if the stock market crashes? 

The only thing here is you have to agree on the decision. Maybe you can give her some what if scenarios with real estate. 

if you don't want the headaches, consider a management company. We put a condo with one last year as we moved out of state. They only charge 7% and the tenant deals only with them. I wish we would have done that when we lived there as well. Would have had so many fewer headaches. 

So many dumb laws there that all favor the tenant. 

Be careful and congratulations on the property. 

We invest in vacation rentals in Gatlinburg